You deposit $1000 today, followed by $2000 one year from today and $3000 two years from today.
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Question:
You deposit $1000 today, followed by $2000 one year from today and $3000 two years from today. The interest rate in the account is 9.9% compounded quarterly. How much will you have in three years’ time (three years from today)?
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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